The HS Code 40116300 refers to new pneumatic tires, made of rubber, with a "herring-bone" or like tread. These tires are specifically designed for construction or industrial handling vehicles and have a rim size over 61 cm.
When importing goods, it is essential to understand the HS Code as it helps in the classification of products for customs and trade purposes. The HS Code 40116300 is used to identify and categorize these specific types of tires.
The bound or most-favored-nation (MFN) duty rate for HS Code 40116300 is free. This means that every time a country lowers a trade barrier or opens up a market, it has to do so for the same goods or services from all its trading partners. This promotes fair trade practices and ensures equal treatment for all countries involved.
The quantity unit for HS Code 40116300 is number (NO), which indicates that the quantity is measured in individual units of tires.
There are also special tariff preference programs available for the import of tires under HS Code 40116300. These programs provide certain countries with preferential treatment, including duty-free access. The following countries have special tariff preference programs for this HS Code:
These countries enjoy special rates or duty-free treatment when importing pneumatic tires under HS Code 40116300.
Importing US states for HS Code 40116300 include Alabama, Georgia, Illinois, Ohio, Oregon, Pennsylvania, South Carolina, Vermont, and the Virgin Islands. These states are the destinations for the importation of these tires.
On the other hand, the exporting US state or states for HS Code 40116300 are South Carolina. This means that tires falling under this HS Code are exported from South Carolina to various destinations.
the HS Code 40116300 is used to identify and classify new pneumatic tires with a "herring-bone" or like tread for construction or industrial handling vehicles. It is important to be familiar with this code when importing or exporting these tires to ensure proper customs clearance and trade compliance.